Poland-based coking coal producer Jastrzebska Spolka Weglowa SA (JSW) has announced its operational results for the first quarter of 2026.
In the first quarter, JSW’s total coal output totaled 3.24 million mt, up by 13.1 percent compared to the first quarter in 2025, while its total coke production was 750,000 mt, increasing by 7.1 percent year on year. The strongest growth was seen in coking coal. The company’s coking coal production in the given quarter amounted to 2.78 million mt, increasing by 20.0 percent year on year.
In the given quarter, JSW’s total coal sales were at 2.94 million mt, falling from 3.01 million mt in the first quarter of last year, while its total coke sales amounted to 770,000 mt, rising by 3.7 percent year on year. The company’s total coking coal sales amounted to 2.49 million mt, remaining stable year on year. Meanwhile, JSW’s internal sales in the first quarter totaled 1.05 million mt, up by 19.3 percent year on year.
The performance of the JSW Group was affected primarily by price fluctuations. The average price of coking coal in sales to external buyers stood at PLN 722.39/mt, down 3.2 percent year on year.
The market environment remains demanding. In the beginning of the year, steel production in the EU fell by 3.1 percent, restricting demand for JSW products. Simultaneously, global commodity markets were influenced by supply disruptions, including a cyclone in Australia that drove up coking coal prices. This did not fully translate into profitability gains, however, partly due to a falling ratio of coke prices to coking coal prices.
In the first quarter, the fulfillment of annual production targets reached approximately 24 percent in the coal segment and 22 percent in the coke segment, which is in line with expectations.